REITMANS CDA LTD

Reitmans Canada Limited (OTCPK:RTMAF) Q1 2025 Earnings Conference Call June 19, 2024 8:30 AM ET Company Participants Andrea Limbardi - President, Chief Executive Officer Richard Wait - Executive Vice President, Chief Financial Officer Conference Call Participants Jesse Gamble - Donville Kent Asset Management Edward O'Flynn - Parma Investments William Kim - Presidio Asset Management Operator Good morning everyone. Welcome to Reitmans Canada Limited 2024 Fiscal 2025 First Quarter Earnings Call. » Mehr auf seekingalpha.com

The company's net sales rose by 7.2% in Q1 FY24, but it seems that the company is losing market share. In addition, adjusted EBITDA went into the red as rent levels and salary expenses increased. In my view, EBITDA for FY24 could be negative and there are no catalysts on the horizon for the share price. » Mehr auf seekingalpha.com

Reitmans (TSX:RET) shares slid 25% to $3.20 on Friday after the women's specialty apparel retailer announced that its fiscal 2023 net earnings from continuing operations fell to $77.7 million from $143.2 million last year, which the company attributed primarily to factors such as an increase in overall operating costs as well as lower restructuring recoveries. Reitmans (TSX:RET) did, however, see its net sales for the period increase by 20.9% year over year to $800.6 million, while its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year rose to $57.0 million from $38.6 million during fiscal 2022. » Mehr auf proactiveinvestors.com